Public and private sectors 'must work together'

DUBAI — The industries of the future cannot be built by autonomous public and private sectors, according to Saeed Al Muntafiq, Executive Chairman of Tatweer, a member of Dubai Holding, who was speaking at the opening session of the World Economic Forum on the Middle East 2007 meeting, taking place at the Dead Sea, Jordan.

By A Staff Reporter

Published: Sat 19 May 2007, 8:43 AM

Last updated: Sat 4 Apr 2015, 11:06 PM

Al Muntafiq, Co-Chair of the meeting's 'Industries of the Future' session, said there needs to be multi lateral collaboration between both key parties stimulated by dialogue, to highlight and develop human capital in order to exploit the best economic growth opportunities. "The private sector needs to be made more conscious of its key role in bringing prosperity and growth to markets," he said.

One of seven Co-Chairs of the Forum, Al Muntafiq will play a leading role at the event. The contributions of the Co-Chairs are essential for the overall success of the meeting. They are selected based on an exceptional record of success in their industry and bring both stature and authority to the meeting in support of its goals and objectives.

Speaking to business leaders and key policy-makers, brought together to examine critical issues facing the new industries that are reshaping the future of the region's economies, Al Muntafiq said the focus of economic development in the Middle East should be placed on innovation and diversification, coupled with real economic reform of the Arab markets.

"We need to focus on existing private and public success stories and apply them to the uniqueness of each Arab market, in order to drive economic reform and development of the Arab World."

According to Al Muntafiq, one of these potential growth markets is healthcare.

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